Company Registration No. 07640339 (England and Wales)
NEPTUNE AQUARIUS LIMITED
Unaudited accounts
for the period from 1 June 2019 to 30 May 2020
NEPTUNE AQUARIUS LIMITED
Unaudited accounts
Contents
NEPTUNE AQUARIUS LIMITED
Company Information
for the period from 1 June 2019 to 30 May 2020
Director
John Vincent Burton
Company Number
07640339 (England and Wales)
Registered Office
19 ABBOTSFORD GARDENS
WOODFORD GREEN
ESSEX
IG8 9HW
Accountants
Brian G. Lonis & Co Ltd
Accountants & Business Consultants
12E Manor Road
London
N16 5SA
NEPTUNE AQUARIUS LIMITED
Statement of financial position
as at 30 May 2020
Tangible assets
502,056
493,093
Cash at bank and in hand
4,673
1,530
Creditors: amounts falling due within one year
(104,130)
(186,725)
Net current assets/(liabilities)
162,808
(185,195)
Total assets less current liabilities
664,864
307,898
Creditors: amounts falling due after more than one year
(711,900)
(300,000)
Net (liabilities)/assets
(47,036)
7,898
Called up share capital
100
100
Revaluation reserve
200,000
200,000
Profit and loss account
(247,136)
(192,202)
Shareholders' funds
(47,036)
7,898
For the period ending 30 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 August 2022 and were signed on its behalf by
John Vincent Burton
Director
Company Registration No. 07640339
NEPTUNE AQUARIUS LIMITED
Notes to the Accounts
for the period from 1 June 2019 to 30 May 2020
NEPTUNE AQUARIUS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07640339. The registered office is 19 ABBOTSFORD GARDENS, WOODFORD GREEN, ESSEX, IG8 9HW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing balance method
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
NEPTUNE AQUARIUS LIMITED
Notes to the Accounts
for the period from 1 June 2019 to 30 May 2020
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2019
492,850
465
493,315
At 30 May 2020
501,850
465
502,315
Charge for the period
-
37
37
At 30 May 2020
501,850
206
502,056
At 31 May 2019
492,850
243
493,093
5
Debtors: amounts falling due within one year
2020
2019
Amounts due from group undertakings etc.
262,265
-
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
12,695
19,500
Amounts owed to group undertakings and other participating interests
-
7,751
Other creditors
72,658
74,658
Loans from directors
9,128
76,715
7
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
711,900
300,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
At the balance sheet, where the director had controlling interests, the amounts due from Green Apartments Ltd £255,246 and Dernagree Properties Limited £7,019.
At the balance sheet date , the company owed the director £9,128.
NEPTUNE AQUARIUS LIMITED
Notes to the Accounts
for the period from 1 June 2019 to 30 May 2020
The company's ultimate controlling party is John Vincent Burton by virtue of his ownership of 100% of the issued share capital in the company.
11
Average number of employees
During the period the average number of employees was 1 (2019: 1).
